Which of the Following Is NOT True Regarding Supplier Relationships

question 48

Multiple Choice

Which of the following is NOT true regarding supplier relationships?

• A)Supplier relationships that are too close may introduce rigidities, including loss of flexibility.
• B)In Japan suppliers may become trusted members of the keiretsu.
• C) In Japan, instead of treating suppliers as adversaries, they are treated as collaboration partners.
• D) Supplier relationships in Japan tend to be ineffective.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance and no excess supply or demand.

Equilibrium Quantity

The quantity of goods or services supplied equals the quantity demanded at the market equilibrium price.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the amount of it that producers are willing and able to supply at various prices.

Increase In Supply

A situation where the quantity of a good that producers are willing and able to sell at a particular price rises.